4//SEC Filing
LORIMER R SCOTT 4
Accession 0001127602-11-014639
CIK 0000101594other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 3:10 PM ET
Size
8.6 KB
Accession
0001127602-11-014639
Insider Transaction Report
Form 4
US ENERGY CORPUSEG
LORIMER R SCOTT
DirectorTREASURER & CFO
Transactions
- Sale
Common Stock
2011-05-02$5.57/sh−50,000$278,500→ 499,994 total
Holdings
- 97,586(indirect: By Esop)
Common Stock
- 30,000
Stock Options (Right to Buy)
Exercise: $4.97From: 2008-01-01Exp: 2017-07-26→ Common Stock (30,000 underlying) - 25,000
Stock Option (Right to Buy)
Exercise: $2.52From: 2009-09-22Exp: 2018-09-21→ Common Stock (25,000 underlying)
Footnotes (5)
- [F1]The sale reported in this Form 4 was made pursuant to the terms of a Rule 10b5-1 Trading Plan adopted by the Reporting Person in December 2010. The Plan was adopted by the Reporting Person to diversify his personal assets in anticipation of his retirement on June 30, 2011 after more that 30 years service to U.S. Energy Corp. The sale reported above is the first sale under the Plan.
- [F2]Includes shares held directly by the Reporting Person.
- [F3]Shares held in the U.S. Energy Corp. Employee Stock Ownership Plan (the 'ESOP') in an account established for the benefit of the Reporting Person.
- [F4]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan with a 5 year vesting schedule and exempt under Rule 16b-3.
- [F5]Stock options granted under the Issuer's 2001 Incentive Stock Option Plan which vest in three (3) equal annual installments beginning September 22, 2009.
Documents
Issuer
US ENERGY CORP
CIK 0000101594
Entity typeother
Related Parties
1- filerCIK 0001065876
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 3:10 PM ET
- Size
- 8.6 KB